Will $1.65 hold?
These Fib levels are a real challenge to break and hold above, it seems.
We were rejected off the 0.618 fib as resistance about 5 hours ago (at time of writing) and have been supported by the 0.382 (now broken) and 0.236 fib a few times now.
I can see a further retracement from here if the 0.236 fib fails to hold, as the 0.382 seems to be acting as resistance now.
Big buying volume needs to step in out of the blue, in order to rescue the bulls.
Short if $1.65 breaks as support. Long if we get back up and close above $1.72.
Good luck!
We were rejected off the 0.618 fib as resistance about 5 hours ago (at time of writing) and have been supported by the 0.382 (now broken) and 0.236 fib a few times now.
I can see a further retracement from here if the 0.236 fib fails to hold, as the 0.382 seems to be acting as resistance now.
Big buying volume needs to step in out of the blue, in order to rescue the bulls.
Short if $1.65 breaks as support. Long if we get back up and close above $1.72.
Good luck!
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